Oriental Land (4661) Q1 2027 earnings summary

Executive summary

• First quarter net sales, operating profit, and operating cash flow reached record highs, driven by strong attendance and Tokyo DisneySea 25th Anniversary events.

• All business segments—Theme Park, Hotel, and Other—reported year-over-year growth in both net sales and operating profit.

• Growth investments and preparations for the cruise business launch in FY2028 are progressing steadily.

• Measures are in place to support guests affected by the Reiwa 8 Kumamoto Earthquake, including ticket refunds.

• ORIENTAL LAND CRUISE CO., LTD. was newly consolidated as a subsidiary during the quarter.

Financial highlights

• Consolidated net sales rose 10.4% year-over-year to ¥180,734 million in Q1 FY3/27.

• Operating profit increased 23.1% to ¥47,716 million, and profit attributable to owners of parent grew 50.3% to ¥41,297 million.

• Net sales per guest and attendance both reached record highs, with attendance up 7% and net sales per guest up 5% year-over-year.

• Hotel segment net sales rose to ¥29,292 million, with a 95.2% occupancy rate and segment profit at ¥9,254 million.

• Non-operating income surged due to a one-time gain from the sale of the Hyatt Regency Seragaki Island Okinawa.

Outlook and guidance

• Despite exceeding initial forecasts, full-year and first-half guidance remain unchanged due to weather risks.

• Full-year net sales are projected at ¥724,312 million, up 2.8% year-over-year, with operating profit expected to decline 4.5% to ¥160,776 million.

• Temporary profit decline expected due to large-scale hotel renovations starting in Q2.

• Initiatives include higher-priced tickets, expanded Disney Premier Access, and revised pricing.

• Interim and year-end dividends are projected at ¥8.00 per share each, totaling ¥16.00 for the year.